MIAMI--(BUSINESS WIRE)--Please replace the caption with the accompanying corrected caption.

The release reads:

VISA AND YELLOWPEPPER PARTNER TO ACCELERATE NEW PAYMENT SOLUTIONS IN
LATIN AMERICA AND THE CARIBBEAN

YellowPepper will help financial institutions in the region to
implement new payment experiences for their clients

Visa Inc. (NYSE:V) today announced a partnership agreement with YellowPepper,
a mobile payments pioneer in Latin America, to help accelerate the
adoption of new payment solutions in Latin America and the Caribbean
(LAC). As part of the partnership, the first of its kind in the region,
YellowPepper will help Visa issuers, acquirers and merchants to
implement solutions to deliver new payment customer experiences.
Specifically, YellowPepper will aid with the implementation of
particular solutions, including project management services, UX design
and services for the development and delivery of mobile applications.

“As the payments industry shifts from plastic to digital, it becomes
increasingly important to collaborate with fintechs to deliver new user
experiences,” said Allen Cueli, senior director of product solutions and
new payment enablers for Visa LAC. “YellowPepper has the skill set and
existing footprint in the region to help us accelerate time to market
for our clients and penetrate new use cases and segments,” he added.

“We are proud to partner with Visa to accelerate the deployments of
digital payments solutions in the region,” said Serge Elkiner, founder
and CEO of YellowPepper. “This partnership will enable us to deliver a
truly powerful digital experience that is secure, fast and most
importantly convenient to consumers and businesses in Latin America and
the Caribbean.”

YellowPepper will leverage its digital payment platform along with Visa
APIs such as Visa
Token Service, that helps build digital payment experiences while
protecting sensitive information; Visa
Checkout, that makes it easier to pay online or by mobile device;
and Visa
Direct, that allows consumers to transfer funds seamlessly, securely
and quickly.

YellowPepper is also a certified Visa token service provider. Visa’s
token service provider program gives technology companies a
standards-based approach and access to Visa’s broad network of tools and
services, including the Visa Token Service, as well as integration,
development and marketing support.

As mobile and digital payments become the norm, Visa’s goal is to ensure
that all payments are simple, convenient and secure, regardless of the
device that is used to pay – whether a wearable, phone, appliance or any
device connected to the internet.

About YellowPepper

Founded in 2004, YellowPepper is the mobile payments pioneer in Latin
America with proprietary technology and partnerships with leading
financial institutions and fintechs. YellowPepper provides a payment
platform that gives consumers, merchants, issuers and processors the
means to revolutionize the purchasing experience. Operating in 9 Latin
American countries the Miami-based company currently enables over 6.5
million monthly active users that execute 380 million transactions
yearly, while connecting them with more than 400,000 merchants. For more
information, please visit www.yellowpepper.com.

About Visa

Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more
than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world’s most advanced
processing networks — VisaNet — that is capable of handling more than
65,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead with
prepaid or pay later with credit products. For more information, visit https://usa.visa.com/
and @VisaNewsLatam.